Aware Super, Sydney, restructured its investment team and created four new roles, filling three of them with internal promotions, a spokeswoman confirmed.
The A$150 billion ($98.8 billion) superannuation fund appointed Alek Misev as head of property, Mark Hector as head of infrastructure and Jenny Newmarch as head of private equity, effective in May. They are currently senior portfolio managers in their respective asset classes at the superannuation fund.
Aware Super is also hiring a head of portfolio management, to whom Messrs. Misev and Hector and Ms. Newmarch will report.
The team restructuring is part of Aware Super's growth strategy to reach A$250 billion in funds under management by 2026, a statement said.
"This restructure also supports our internalization strategy by ensuring our investment teams have the right leaders in the right roles so we fully leverage their specialization to drive higher performance and lower fees for our members," the statement said.
The super fund has been making changes to its investment team in recent months. In February, it announced that its deputy chief investment officer and head of real assets Damien Webb was appointed as its first head of international, while retaining the deputy CIO position during the transition.
Mr. Webb was tasked with building the super fund's presence in Europe, which was later revealed to be in London and targeted to open by the end of the year.